1.   Another is that the Fidelity funds also have expense ratios that are handsomely below the average for their peer groups.

2.   As the fund becomes larger, Ms. Meyers expects the expense ratio to fall.

3.   As to the form of investment, Litman prefers bond funds, especially those with low expense ratios.

4.   At bottom, the biggest difference in the various offerings is the expense ratio, which tends to be quite low for these funds.

5.   According to some studies, the average expense ratio has been rising the last few years.

6.   But adding these embedded costs, no matter how small, to fund expense ratios is another matter altogether, Bogle maintains.

7.   But mutual fund firms argue that average expense ratios are rising because more funds are being introduced, and newer funds tend to have higher expenses.

8.   But most of that variance can be tied to higher expense ratios during the early years of the Fidelity offerings existence.

9.   Certainly, it is not impossible for funds with high expense ratios to turn in healthy profits.

10.   Each professional has an independent definition of an unacceptably high expense ratio.